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Between 2007 and 2016, the USPS lost $62.4 billion; the inspector general of the USPS estimated that $54.8 billion of that (87%) was due to prefunding retiree benefits. [13] By the end of 2019, the USPS had $160.9 billion in debt, due to growth of the Internet, the Great Recession, and prepaying for employee benefits as stipulated in PAEA. [14]
The full eagle logo, used in various versions from 1970 to 1993. The United States Postal Service (USPS), also known as the Post Office, U.S. Mail, or simply the Postal Service, is an independent agency of the executive branch of the United States federal government responsible for providing postal service in the United States, its insular areas and associated states.
The Bicentennial Series began with the issuance of a stamp showing the logo for the Bicentennial celebrations in 1971 and concluded in 1983. In January 1973, the USPS began to issue "Love" stamps for use on Valentine's Day and other special occasions such as weddings, birthdays, anniversaries and letters to loved ones. [55]
Postmaster General Louis DeJoy: "Too many Americans were left waiting weeks for important deliveries of mail and packages."Postmaster General Louis DeJoy apologized on Wednesday before the House ...
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Domestic air mail became obsolete in 1975, and international air mail in 1995, when the USPS began transporting First-Class mail by air on a routine basis. Mail truck loaded with gold leaving the New York City Assay Office in 1941. The Post Office was the first federal government departments to regulate obscene materials on a national basis.
Accidental death policy exclusions. Some life insurance policies, known as accidental death policies, only provide coverage for the insured if they die due to an accident. Causes of death related ...
The act provided for a group life insurance policy for most federal employees, similar to those provided for employees of most large industries. The act established the Federal Employee Group Life Insurance (FEGLI) program, which covers over 4 million federal employees and is the largest group life insurance program in the world. [3]